Hitting this one again. Worked out well last month. Only widening the strikes a bit to give more room and also increase max profit. This does add risk to the trade however, but with a greater probability of profit.
X Iron Fly
Buy: 11/22 8p for .14
Sell: 11/22 11p for 1.08
Sell: 11/22 11c for .64
Buy: 11/22 14c for .07
Net Credit: $1.51 (Max profit if pinned at $11)
BP Reduction: $1.49
X Iron FlyBuy: 11/22 8p for .14
Sell: 11/22 11p for 1.08
Sell: 11/22 11c for .64
Buy: 11/22 14c for .07
Net Credit: $1.51 (Max profit if pinned at $11)
BP Reduction: $1.49
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.